SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ANo, you should be the one developing the risk response plans as you are ultimately responsible for the outcomes of the project.
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BYes, the risk response plans are an output of the Identify Risks process and should be developed right after the risks have been identified.
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CNo, before assigning risk responsibility to team members, you need to assess each risk’s probability of occurrence and its impact.
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DYes, the team members should be assigned responsibility for a risk as soon as possible and tasked with creating a risk response plan.
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Detailed explanation-1: -Risk identification is the process of documenting any risks that could keep an organization or program from reaching its objective. It’s the first step in the risk management process, which is designed to help companies understand and plan for potential risks.
Detailed explanation-2: -The risk register is an output of the identified risks process, and updates to the risk register occur as an output of every risk process that follows this one. By the end of the plan risk responses process, the risk register contains these primary elements: The identified list of risks.
Detailed explanation-3: -Financial Risks: Financial risks involve a project’s monetary factors. Strategic Risks: Strategic risks involve the strategies chosen to complete a project. Performance Risks: Performance risks involve the overall project performance. More items •23-Jun-2022